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December 29, 2005

Generic Specialty Drugs?

From the Wall Street Journal Today: Spending on specialty pharmaceuticals -- biotechnology drugs and other expensive medicines prescribed by medical specialists -- is growing twice as fast as traditional prescription drugs, according to Medco Health Solutions Inc., one of the largest pharmacy benefits managers. Insurers project it will grow by between 20% and 50% annually... Sen. Hatch is drafting legislation that would create rules for the Food and Drug Administration to approve generic biotechnology drugs after patents on the original products have lapsed.... The government is two faced... on the one hand they outlaw the importation of drugs from our neighbors to the north and now they are moving towards limiting pharmaceutical company innovation....

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